iCore
Networks, the nation’s largest commercial Voice over Private
Internet (VoPI) networkand pioneer of cloud-based
services, announces today that it has appointed a new Executive Vice
President of Finance, Eduardo Sanchez, to ensure effective management
and profitability of the company’s financial operations.

In his new role at iCore, Mr. Sanchez will oversee iCore’s product and
market expansion from a financial operations standpoint. Mr. Sanchez
will also focus on iCore’s operational and organizational strategy,
mergers and acquisitions, financial planning and performance,
contracts/legal issues, investment banking relationships, and investor
relations. Mr. Sanchez’s expertise implementing effective management and
metrics structures around corporate growth and financial goals position
him as an asset to iCore’s executive team and a leader that will be
instrumental in driving the company’s continued growth trajectory.

Mr. Sanchez brings an established track-record for driving financial and
operational results in key executive positions at public and private
companies for more than 15 years within the telecommunications,
technology, and real estate industries in the United States and Latin
America. He also brings a reputation for strong strategic leadership and
effective management to reach target financial goals. Most recently, Mr.
Sanchez served as Finance leader / CFO for three divisions at Primus
Telecommunications Group (PTGi), leading the restructuring / divestiture
of PTGi’s ICS, Retail, and Brazil divisions. Prior to joining PTGi, Mr.
Sanchez served in executive level positions at RCN, CTA, and Verizon.
Mr. Sanchez holds an MBA from the University of Virginia, Darden
Graduate School of Business Administration, and a Master’s degree in
Finance from IESA.

“We are excited to welcome Eduardo to the iCore team,” said Stephen G.
Canton, chairman and chief executive officer of iCore Networks. “His
expertise and proven track-record for maximizing business opportunities
and corporate financial goals, as well as his leadership experience make
him an ideal fit for the role and company overall as we continue to
expand and grow into new areas and markets.”

About iCore Networks

iCore is the leading provider of Hosted
Unified Communications & Cloud Applications services. iCore has been
named number 29 on the Inc.500 list and has been recognized as one of
the nation’s fastest growing companies by the Washington Business
Journal and SmartCEO. iCore was one of the original providers
of cloud-based hosted services and the first company in the United
States to provide a fully managed end-to-end Voice over Private Internet
(VoPI) service from the handset to the internet. Unlike VoIP,
VoPI provides a managed, secure, hosted, end-to-end voice
and data system that gives businesses Fortune 500 capabilities at a
savings over their current voice and data providers. This includes voice
as an application, private internet networks, unified messaging
(faxing/voicemail/email), infrastructure management and web security.
iCore backs those capabilities with the most customer-oriented employees
in the industry; unprecedented
reliability and disaster
recovery tools; and world-class employee support and training. For
more information about iCore Networks, please visit http://www.icore.com.

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